[lbo-talk] CEI welcomes Obama reg freeze

Eubulides autoplectic at gmail.com
Thu Jan 22 10:11:13 PST 2009


On Thu, Jan 22, 2009 at 8:04 AM, Shane Taylor <shane.taylor at verizon.net> wrote:


> Eubulides wrote:
>
>> While folks are on the right track for pillorying "Nudge",
>> Andie noted a few years ago that Sunstein's "Free Markets
>> and Social Justice" was worth a read although, imo, it's
>> nowhere near as interesting as Morton Horwitz' stuff:
>
> Alan Greenspan has conceded a "flaw." Where does Cass Sunstein recognize the abject failure of "reputation effects"?
>
> Shane

=============

Or we could say that reputation effects are subject to Minsky moments too; reputations are destabilzing and subject to Ponzi processes. Oh to watch the economics profession engage in circular firing squads.......:-)

Ian



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